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20121201
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and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgt ablocksblockbustermega deals buo medium companies, why is that. >> to do a step out deal therehe sense that things are good. m & a needs to be done. growth is thro slow and one of e ways to rise is to buy. everything is good but we have been held back by the negativism by the fiscal issues europe and the u.s. >> susie: you told me there were oil and gas americ mergersu think that tech could be an air yeah wirarea. what kind of gived guidelines can you give to investors so they can take advantage of
.b.r.," manhasset, new york. >> bob baur is the chief global economist at principle global investors, with $275 billion on management. bob, the higher productive numbers, will that lead to more hiring, regardless of what happens with the fiscal cliff? >> i think it will. we have said for some time that businesses have pushed productivity as far as they can. if we continue at a modest, 2.5% growth rate, that will be enough that businesses wi be fced to higher at a faster pace. >> tom: but we're not hearing a lot of confidence coming from the business community. we're seeing it in housing and automotive sales, but in terms of hiring, it is languishing. why do you think that difference exists? >> i think business is looking ahead. there is a real dichotomy, as you mentioned, between businesses and costumers. businesses are looking ahead, and they're thinking with increased taxes, because of the fiscal cliff, if the worst happens, consumer demand is just going to fall off. they are already ting action today to try to prepare for that eventuality. but the consumer is kind of blankly ignoring this, a
portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the opportunity for the economy to grow a bit. >> susie: what if there isn't a deal? does that mean there is going to be a sell-off or a correction in the markets? >> i think the hype in the recent days that a deal is coming is certainly responsible for the rally. i think if there is no deal, and the probabilities of that have gone down, thankfully, but if there is no deal, i still think we're not going to go off some nasty cliff that people are
which work directly with sandy relief. bob ottenhoff is the president and c.e.o. of the center for disaster philanthropy. >> most giving to disasters occurs in the first month, but as we now know with sandy the challenges to relief to disasters go on for a long period of time. so we're still going to need lots of charitable contributions for the recovery and rebuilding period. >> reporter: the red cross has already raised $188 million for sandy relief and expects to use more than half of that by the end of the month. but with every disaster, there are always some bad actors. new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situatns, when they're very concerd about things le disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask non-profits to disclose information
Search Results 0 to 3 of about 4